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20121201
20121201
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CSPAN2 1
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side, and when they get out, there's huge risks, but i would urge people in washington would not underestimate the price paid by the debt ceiling debacle of last year. it was not that we downgraded our debt and then our interest rates didn't change. that's a misreading. what happened is that the financial markets are spooked by the uncertainty in washington and by the belief to win anything no matter how stupid, and let us be clear, not raising the debt ceiling on the table again is as stupid a policy as anyone can imagine. the whole debt ceiling doesn't make sense, and the idea you will not raise it when you need to is really playing some form of roulette that's not appropriate. there's a number of changes sense the act that i want to emphasize. in addition to the fact the financial risks are less obvious and pressing on the american public as was mentioned in the last session, the economy is international in the way it was not in 1990. that is, we can talk in 1990 about raising corporate taxes and lowering the tax on dividends, for example, which was one of the policies sug
Search Results 0 to 0 of about 1